Public Investment Corporation SOC Ltd (PIC)

Contact Details

Physical: Block C, Riverwalk Office Park, 41 Matroosberg Road, Ashlea Gardens Extension 6, Menlo Park, Pretoria
Postal: Private Bag X187, Pretoria, 0001
Tel: 012 742 3400
Fax: 012 346 3276
Web:

Overview

The mission of the Public Investment Corporation SOC Ltd (PIC) is to deliver investment returns in line with client mandates; create a working environment that will ensure that the best skills are attracted and retained; be a beacon of good corporate governance; and contribute positively to South Africa's development.

The funds invested in are primarily pension, provident, social security and guardian funds. Investments are diversified across the following broad asset classes: Listed Equities, Capital Markets, Money Markets, Property, Developmental Investments and Private Equity. The PIC controls approximately 12% of the Johannesburg Stock Exchange and has a mandate to invest in the rest of the African continent.

Office Bearers/Management

Chairperson
Mr S Buthelezi
Chief Executive Officer
Dr D Matjila

Chairperson:
Mr Sfiso Buthelezi
Deputy Chairperson:
n/a
Board Members:
Ms Sandra Beswick
Ms Dudu Hlatshwayo
Dr Claudia Manning
Dr Daniel Matjila (CEO)
Mr Patrick Mngconkola
Mr Pitsi Moloto
Ms Matshepo More (CFO)
Ms Tantaswa Nyoka
Ms Lindiwe Toyi
Ms Sibusisiwe Zulu
Chief Executive Officer:
Dr Daniel Matjila
Chief Financial Officer:
Ms Matshepo More
Senior Management:
Mr Deon Botha (Head: Corporate Services)
Communications Officers:
Mr Deon Botha

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEFinancially UnqualifiedFinancially UnqualifiedFinancially UnqualifiedClean Audit
 
FINANCIAL POSITION
Current Assets1 913 5521 526 5461 115 674780 722
Non-Current Assets161 398114 39491 30235 686
Total Assets2 074 9501 640 9401 206 976816 408
Current Liabilities244 893228 901166 39548 975
Non-Current Liabilities123 121129 28292 44029 990
Total Liabilities368 014358 183258 83578 965
Total Net Assets1 706 9361 282 757948 141737 443
 
FINANCIAL PERFORMANCE
Total Revenue1 148 3831 048 922865 340523 741
Revenue from Exchange Transactionsn/an/an/an/a
Revenue from Non-Exchange Transactionsn/an/an/an/a
Total Expenditure(724 204)(714 306)(654 642)(393 791)
Employee Costs(411 136)(422 447)n/an/a
Surplus/(Deficit) for Year424 179334 616210 698129 950
 
CASH FLOW
Net Cash Flows from Operating Activities430 739349 757326 278132 367
Net Cash Flows from Investing Activities(654 301)27 936(244 629)(57 098)
Cash & Cash Equivalents at End of Year605 521829 443451 750370 101
 
UIFW EXPENDITURE
Unauthorised Expenditure----
Irregular Expenditure-1 8561 3331 274
Fruitless & Wasteful Expenditure-1676460
 
HUMAN RESOURCES
Posts Approvedn/an/an/an/a
Posts Filledn/a405n/an/a
 
SourcesAnnual ReportAnnual ReportAnnual Report n/a

Overseeing Department/Entity

Annual Reports


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